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Loans Receivable (Details Textual) (USD $)
0 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Aug. 06, 2012
Oct. 07, 2011
Jan. 14, 2011
Dec. 31, 2012
Number
Dec. 31, 2011
Number
Dec. 31, 2010
Number
May 14, 2012
Feb. 17, 2012
Jan. 14, 2011
San Marbeya [Member]
Oct. 07, 2011
Hotel Wales [Member]
Nov. 30, 2012
Queensridge Towers [Member]
Key Bank [Member]
Dec. 31, 2012
Whole Loan [Member]
Number
Dec. 31, 2011
Whole Loan [Member]
Number
Dec. 31, 2012
Whole Loan [Member]
San Marbeya [Member]
Dec. 31, 2012
Whole Loan [Member]
Hotel Wales [Member]
Dec. 31, 2012
Whole Loan [Member]
Queensridge [Member]
Dec. 31, 2012
B Note [Member]
Number
Dec. 31, 2011
B Note [Member]
Number
Dec. 31, 2012
Mezzanine [Member]
Number
Dec. 31, 2011
Mezzanine [Member]
Number
Dec. 31, 2012
Mezzanine [Member]
127 West 25th Street [Member]
Mortgage Loans on Real Estate [Line Items]                                          
Libor floor                   3.00%   3.00%       0.50%     2.00%    
Interest rate, description   LIBOR + 1.25% with a 3% LIBOR floor   LIBOR + 3.75% LIBOR plus 3.25%                     LIBOR + 4%         Greater of 14.0% or LIBOR plus 10%
Interest rate on mortgage loans 9.00%   6.40% 3.95%         4.85%         5.88% 4.00% 11.50%         14.00%
LIBOR plus                   1.25%                     10.00%
Senior participation mortgage loan restructured                 $ 15,150,000 $ 14,000,000                      
Junior participation mortgage loan restructured                 15,744,000 6,000,000                      
Loan obtained by Trust       36,897,000 32,494,000           25,000,000,000                    
Interest rate in condition 2             10.00% 3.25%     4.00%                    
Maturity period of the assumed debt       Aug. 15, 2022             Nov. 15, 2014                    
Provision for loan loss       0 0 0                              
Loans receivable (Textual) [Abstract]                                          
Loans receivable accrued interest       1,016,000 500,000                                
Cumulative accretion of loans receivable       2,527,000 9,914,000                                
Loans receivable, exclusive of interest receivable       222,246,000 123,630,000                                
Unrecognized accretable discount       9,865,000                                  
Weighted average coupon rate on loans receivable       7.65%                                  
Weighted average yield to maturity       11.43%                                  
Number of loans       12 12 2           8 3       5 2 5 7  
Non performing loans       0 0                                
Interest income       10.00% 10.00% 10.00%                              
Interest on income of the trust, entity wide       34.00% 48.00% 74.00%                              
Past due payments       $ 0 $ 0